Nigeria, Aug. 1 -- Nigeria's currency came under fresh pressure in July 2025 as the naira fell in the parallel market amid rising demand for foreign exchange and a strong rally in the U.S. dollar.

The exchange rate fell to N1,565 per dollar by the end of the week as volatility came back to the unofficial market, which sparked worries over speculation and liquidity shortfalls in the economy.

The official Nigerian Foreign Exchange Market (NFEM) data from the Central Bank of Nigeria (CBN) revealed that the naira ended July at N1,533.50 per dollar, slightly weaker than N1,529.71 in June.

Though the depreciation was little-just 0.25 percent-it showed a growing gulf between the official and blackmarket rates, which peaked at a N30 per dollar...